Monex CEO Plans to Bring Coincheck to America

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Monex Inc, which acquired post-hack cryptocurrency exchange Coincheck recently, announced plans to bring Coincheck to America, reported Bloomberg on May 18.

Oki Matsumoto, Monex CEO expressed that he is expecting to be granted an official license in Japan next month.

Monex had the biggest gain in Japan’s benchmark Topix Index as its shares raised by 98% since it announced the acquisition of Coincheck in April.

Even if the U.S. is less open towards cryptocurrencies, Matsumoto is convinced it will change soon.

He mentioned,

“Japan may seem like it’s one step ahead in crypto, but in terms of deciding what’s a security or a token and attracting institutional investors, the U.S. and Europe are moving ahead.”

According to him, a big decision will be taken soon concerning whether to classified coins such as Ether as securities, commodities or something else in the U.S. which will attract more investors to cryptocurrencies once the decision will be confirmed.

Matsumoto thinks that U.S. regulators will have the biggest impact on the role cryptocurrencies will have in society and the economy.

“What the U.S. decides will have a huge impact on Japan,” he expressed.

 

 

 

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